C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS

Plan Contact

  • Address: P.O.BOX 2128,HICKORY,NC
  • Contact person: MARTA TRUITT
  • Phone: (828) 485-1452

Plan General Information

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is $5,793,480.00.This plan was established in 1983.

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is 202

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Average Participant Retirement Account Value

In 2023, the average participant retirement account value for C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is $28,680.00

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is $4,505.00.

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is approximately $390.00
Investing in this additonal $390.00 for 20 years would give you extra $25,004.00, assuming a 10% annual return.

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Total Employer Contribution and Match Rate

In 2023, C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS allocates $78,920.00 to match its employees' contributions, providing an employer match rate of 17.34% of their contributions

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is 27.17%.

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is 22.92%. This measures the effectiveness of the plan participants' investments in the year.

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS Expense Ratio

In 2023, the investment and administrative expense ratio of C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS is 0.05%.

Enrollment Features

C.R. LAINE FURNITURE COMPANY, INC. 401(K) EMPLOYEE SAVINGS has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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